Helmerich & Payne, Inc.

Helmerich & Payne, Inc.

HPยทNYSE

$38.44

+0.10%
EnergyOil & Gas Drilling

Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, the company operated a fleet of 236 land rigs in North America; 30 international land rigs; and 7 offshore platform rigs. It also owns, develops, and operates commercial real estate properties. The company's real estate investments include a shopping center comprising approximately 390,000 leasable square feet; and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.

At a Glance

Live Snapshot
Market Cap$3.84B
EPS-1.6600
P/E Ratio-23.16
Earnings Date08/05/2026
Helmerich & Payne, Inc.

Helmerich & Payne, Inc. Fair Value Envelope

HP ยท NYSE

Our analysis suggests that HP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $38.44, this represents a potential HIDDEN relative to our calculated worth for Helmerich & Payne, Inc..

Intrinsic Value
Current Price: $38.44

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$630.7M
+ Cash & Equivalents$224.3M
Firm Value$855.0M
- Debt$2.3B
Equity Value-$1.5B
/ Shares Outstanding99,439,800B
DCF Value-$15
OVERVALUED BY 138%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$333.9M
$205.3M
$126.2M
$77.6M
$47.7M
$29.3M
$18.0M
$11.1M
$6.8M
$4.2M
Maintenance CapEx
-$52.4M
-$32.2M
-$19.8M
-$12.2M
-$7.5M
-$4.6M
-$2.8M
-$1.7M
-$1.1M
-$658.8K
Owner Earnings
$281.4M
$173.0M
$106.4M
$65.4M
$40.2M
$24.7M
$15.2M
$9.4M
$5.8M
$3.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$260.6M
$148.4M
$84.5M
$48.1M
$27.4M
$15.6M
$8.9M
$5.1M
$2.9M
$1.6M
Terminal Value represents 4.4% of Enterprise Value